Banks boost renewable energy credit by 7% in April amid energy security concerns
Published on: June 24, 2026, 10:42 a.m. | Source: The Economic Times
Banks are boosting credit to renewable energy projects, with a 7% jump in April, as global conflicts highlight India's reliance on oil. This surge in funding for green energy underscores the nation's commitment to energy transition. Experts note a growing demand for climate finance, urging banks to develop specialized underwriting for sunrise sectors like solar and green hydrogen, which are poised for significant growth.
